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Category Archives: Financial System

New U.S. Census Bureau Research Maps the Roots of Social Mobility

Mapping Interface Provides Neighborhood-Level Information on Children’s Outcomes – October 1, 2018 — “The U.S. Census Bureau, in collaboration with Raj Chetty and Nathan Hendren from Harvard University and John Friedman from Brown University, released new research and a mapping interface that looks at children’s outcomes in adulthood. The Opportunity Atlas estimates children’s earnings distributions,… Continue Reading

Poverty in America

24/7 Wall St: “Poverty might mean different things in different parts of the world and to different people, but it is largely defined as being unable to afford a minimum standard of living. The United States has come a long way in addressing the problem, but progress seems to have slowed despite the recent years… Continue Reading

WSJ video – Artificial Intelligence: The Robots Are Now Hiring

See how new data-science tools are determining who gets hired, in this episode of Moving Upstream: “Hiring is undergoing a profound revolution. Nearly all Fortune 500 companies now use some form of automation — from robot avatars interviewing job candidates to computers weeding out potential employees by scanning keywords in resumes. And more and more… Continue Reading

The New York Public Library is loaning out ties and handbags for job interviews

Time to Dress Up: Introducing the NYPL Grow Up Work Fashion Library by Michelle Lee, Young Adult Librarian, Riverside Library, August 6, 2018 “If you are looking to get dressed up for a job interview, wedding, audition, graduation, prom, or other formal event, the Riverside Library can help. With our NYPL Grow Up work accessories… Continue Reading

Google Says It Continues to Allow Apps to Scan Data From Gmail Accounts

WSJ [paywall] via MarketScreener [no paywall]: “Google Inc. told lawmakers it continues to allow other companies to scan and share data from Gmail accounts, responding to questions raised on Capitol Hill about privacy and potential misuse of the information contained in users’ emails.” “In a letter to senators, a top Google official said the company… Continue Reading

Want to defend democracy? Start with your public library.

Washington Post Opinion: “In “Harry Potter and the Chamber of Secrets,” the character Ron — channeling his friend Hermione — says to Harry Potter: “When in doubt, go to the library.” In the United States today, there is plenty to doubt. Complex arguments are being whittled down to 280 characters. And of course, the president… Continue Reading

The Future of Jobs Report 2018

World Economic Forum: “The Fourth Industrial Revolution is interacting with other socio-economic and demographic factors to create a perfect storm of business model change in all industries, resulting in major disruptions to labour markets. New categories of jobs will emerge, partly or wholly displacing others. The skill sets required in both old and new occupations… Continue Reading

UK Serious Fraud Office trialling AI for data-heavy cases

naked security – sophos: “The BBC says it looks like a kids’ digital game: a mass of blue and green rubber balls bounce around the screen like they’re on elastic bands in a galaxy of paddle balls. It’s no game, however. It is a new artificial intelligence (AI) tool that connects, and then visualizes, the… Continue Reading

The Latest Course Catalog Trend? Blockchain 101

Wired: “On a clear, warm night earlier this year, several dozen University of California, Berkeley students folded themselves into gray chairs for a three-hour class on how to think like blockchain entrepreneurs. The evening’s challenge, presented by Berkeley City Councilmember Ben Bartlett, was to brainstorm how blockchain technology might be used to alleviate the city’s… Continue Reading

Costs of Government Interventions in Response to the Financial Crisis: A Retrospective, updated September 12, 2018

EveryCRSReport.com – Costs of Government Interventions in Response to the Financial Crisis: A Retrospective, updated September 12, 2018. “In August 2007, asset-backed securities (ABS), particularly those backed by subprime mortgages, suddenly became illiquid and fell sharply in value as an unprecedented housing boom turned into a housing bust. Losses on the many ABS held by… Continue Reading

Even in Better Times, Many Americans Are Farther Behind. Here’s Why.

The New York Times: “Americans’ household earnings are finally stretching back to their pre-recession heights. But feeling secure and comfortable isn’t only a measure of how much money you have. It’s also a measure of how much you have compared with others. For many, that is one reason that recent financial progress may seem overshadowed… Continue Reading

Ten years after Lehman’s collapse, these ten risks could cause the next crisis

Quartz: “On Sept. 15, 2008, a credit crunch turned into a full-blown crisis when New York-based investment bank Lehman Brothers collapsed. The global recession that followed is still too fresh in many people’s memories to be considered history. But 10 years on, the state of the financial system suggests that the crisis has been relegated… Continue Reading